The Business Research Company’s Automotive Ethernet Global Market Report 2022: Market Size, Trends, And Forecast To 2026
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As per The Business Research Company’s “Automotive Ethernet Global Market Report 2022”, the automotive ethernet market is predicted to reach a value of $1.98 billion in 2022 at a compound annual growth rate (CAGR) of 17.70%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The automotive ethernet market is expected to reach $4.08 billion in 2026 at a CAGR of 19.85%. The increased demand for motor vehicles has contributed to the growth of the automotive ethernet global market during the forecast period.
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Key Trends In The Automotive Ethernet Market
Technological advancements are a key trend gaining popularity in the automotive Ethernet market. Companies are focusing on intelligent automotive ethernet solutions to develop the advanced, high-bandwidth communications systems required by next-generation vehicles. For instance, in 2021, Germany-based automotive software company Elektrobit launched the first automotive ethernet switch firmware for secure, high-performance, in-vehicle communications required for EVs, sophisticated ADAS and self-driving vehicles. The firmware adds a layer of intelligence to automotive ethernet switches, thus enabling them to handle the immense network functions required to enhance the scalability, safety, and security of vehicles. It provides advanced network management and network security functions such as routing, gateways, firewalls, and network intrusion detection and prevention systems.
Overview Of The Automotive Ethernet Market
The automotive ethernet market consists of sales of automotive ethernet by entities (organizations, sole traders, and partnerships) consisting of a physical network which is used to attach elements within the car through wired networks. Ethernet bypasses traditional connectivity cabling in automobiles, allowing all vehicle components to connect with lighter and more effective wires, thus reducing connectivity costs and cabling weight. Automotive Ethernet is a fast in-vehicle communication protocol offering high bandwidth to support high-end vehicular functions such as vehicle interaction, calibration, measurement, and diagnostics through diagnostics over internet protocol (DoIP) and others.
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Automotive Ethernet Global Market Report 2022 from TBRC covers the following information:
Market Size Data
Forecast period: Historical and Future
By region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
By countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
By Component: Hardware, Software and Services
By Application: Advanced Driver Assistance Systems (ADAS), Infotainment, Powertrain, Body and Comfort, Chassis
By Vehicle Type: Passenger Cars, Commercial Vehicles, Farming and Off-Highway Vehicles
By Geography: The global automotive ethernet market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific holds the largest share in the market.
Major market players such as Broadcom Inc., Marvell Technology Group Ltd., NXP Semiconductors N.V., Microchip Technology Inc., Texas Instruments Incorporated
Trends, Opportunities, Strategies And So Much More.
Automotive Ethernet Global Market Report 2022 is one of The Business Research Company’s comprehensive reports that provides automotive ethernet market analysis, automotive ethernet global market structure and in-depth automotive ethernet market research. The market report analyzes automotive ethernet market size, automotive ethernet global market growth drivers, automotive ethernet global market segments, automotive ethernet global market major players, automotive ethernet global market growth across geographies, and automotive ethernet global market competitors’ revenues and market positioning. The automotive ethernet market report enables you to gain insights on opportunities and strategies, as well as identify countries and segments with the highest growth potential.
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